Valens Semiconductor Ltd. (NYSE:VLN) Short Interest Up 27.8% in July

Valens Semiconductor Ltd. (NYSE:VLN) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 252,000 shares, a growth of 27.8% from the July 15th total of 197,200 shares. Based on an average daily trading volume, of 313,300 shares, the short-interest ratio is currently 0.8 days. Currently, 0.4% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Oppenheimer & Co. Inc. lifted its position in shares of Valens Semiconductor by 14.6% during the first quarter. Oppenheimer & Co. Inc. now owns 154,795 shares of the company’s stock worth $364,000 after purchasing an additional 19,727 shares in the last quarter. Marshall Wace LLP raised its holdings in Valens Semiconductor by 355.5% in the second quarter. Marshall Wace LLP now owns 87,461 shares of the company’s stock valued at $279,000 after acquiring an additional 68,260 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Valens Semiconductor by 23.3% in the second quarter. Renaissance Technologies LLC now owns 634,300 shares of the company’s stock valued at $2,023,000 after acquiring an additional 119,900 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Valens Semiconductor in the second quarter valued at $401,000. Finally, AI Squared Management Ltd acquired a new stake in Valens Semiconductor in the fourth quarter valued at $2,044,000. 33.90% of the stock is owned by institutional investors and hedge funds.

Valens Semiconductor Price Performance

Valens Semiconductor stock remained flat at $2.26 during trading on Friday. 90,474 shares of the company were exchanged, compared to its average volume of 301,676. Valens Semiconductor has a 52-week low of $1.91 and a 52-week high of $3.39. The business’s 50-day moving average price is $2.77 and its 200 day moving average price is $2.53. The stock has a market capitalization of $235.40 million, a price-to-earnings ratio of -9.42 and a beta of 0.39.

Analyst Ratings Changes

Separately, Chardan Capital restated a “buy” rating and issued a $4.00 target price on shares of Valens Semiconductor in a research note on Thursday, May 9th.

Valens Semiconductor Company Profile

Valens Semiconductor Ltd. engages in the provision of semiconductor products for the audio-video and automotive industries. The company offers HDBaseT technology, which enables the simultaneous delivery of ultra-high-definition digital video and audio, Ethernet, USB, control signals, and power through a single long-reach cable.